Here are ten good trades a trader can make with their psychology, risk management, and methodology. We have to trade bad behaviors to good behaviors before we attempt to trade any markets for a profit.
- Trade big losses for small losses through the right positions sizing and stop losses.
- Trade small wins for big wins through trailing stops and letting a winner run as far as they will go.
- Trade your predictions for actual price action, chart reading, and trend following.
- Trade big trades for trading the right position size for your account.
- Trade asking for advice and tips for your own robust trading method.
- Trade opinions about what will make money with proven trading principles.
- Trade guessing about what will make money in the markets with backtesting.
- Trade arrogance of predictions with the humbleness of knowing that anything can happen.
- Trade stubbornness in a losing trade with the flexibility to know when you are wrong.
- Trade ignorance for the knowledge that comes from doing homework about what works.
